Two PE owned newspaper chain Gatehouse Media announced on Tuesday that it would closing 10 weekly newspapers in Massachusetts next month.
The chain had previously declared Chapter 11 bankruptcy and earlier this month announced layoffs at several of its newspaper properties.
A couple weeks ago, they fired all their photographers from some of its papers.
Here's how GateHouse makes money. It buys newspapers, then closes them so it won't have to pay anybody. I swear to God this is true.
No comments:
Post a Comment